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St. Catharines is the largest city in Canada’s Niagara Region and the sixth largest urban area in Ontario, with 96.13 square kilometres (37.1 sq mi) of land and 133,113 residents in 2016. It lies in Southern Ontario, 51 kilometres (32 mi) south of Toronto across Lake Ontario, and is 19 kilometres (12 mi) inland from the international boundary with the United States along the Niagara River. It is the northern entrance of the Welland Canal. Residents of St. Catharines are known as St. Cathariners. St. Catharines carries the official nickname “The Garden City” due to its 1,000 acres (4 km2) of parks, gardens and trails.
St. Catharines is between the Greater Toronto and Hamilton Area (GTHA) and the Canada–U.S. border at Fort Erie. Manufacturing is the city’s dominant industry, as noted by the heraldic motto, “Industry and Liberality”. General Motors of Canada, Ltd., the Canadian subsidiary of General Motors, was the city’s largest employer, a distinction now held by the District School Board of Niagara. THK Rhythm Automotive, formerly TRW, operates a plant in the city, though in recent years employment there has shifted from heavy industry and manufacturing to services.
St. Catharines lies on one of the main telecommunications backbones between Canada and the United States, and as a result a number of call centres operate in the city. It is designated an Urban Growth Centre by the Growth Plan for the Greater Golden Horseshoe, intended to achieve a minimum density target of 150 jobs and residents combined per hectare by 2031 or earlier.
Many people are struggling with debt and bad credit everywhere and St. Catharines, Ontario is not an exception. Bills can pile up making it difficult to get back on your feet financially. But that should not deter anyone facing such problems as there are options available to help people repair their damaged credit. One such option is Home Equity Loans for people with bad credit or here simply referred to as St Catharines Equity Loan with bad credit. This seems like a reasonable choice especially to those with bad credit scores.
Bad credit mortgage loans are specially designed for those who want to clean their credit history. Not only you get relief from high mortgage and interest payments but also much more with bad credit loans.
In the past, there were some specialists only that handle mortgages with bad credits but now nearly every bank has a special department that takes care of only bad credit mortgage loans. Nowadays, even with bad credit, you can purchase your dream home by getting your mortgage approved.
The mortgages for the people who have a history of bad debts are known as a non-standard or sub-prime mortgage. The only difference from the standard mortgage is that it may be offered at a slightly increased rate. Once your mortgage has approved successfully your bad debts history instantly improves. As long as you repay on time, you will be eligible to get re-mortgage at a fully standard mortgage rate. Hence, you can have access to wider options then.
In order to get your loan approved fast, you should look out for a bad credit mortgage lender rather than banks. There is a wide range of bad credit lenders around so always go for the one that offers the rate that suits you. Make sure your bad credit mortgage loan doesn’t carry a pre-payment penalty. These loans have typically six months to 2-3 years pre-payment penalty.
One of the important things which you should look out for while selecting a mortgage is whether you want to go for fixed rate, flexible or variable rate. Once you have successfully done repayments for bad credit mortgage for approx. 3 years, you will be eligible for a mortgage at a much cheaper rate from a standard lender. Because your history of bad credit has been cleared.
We provide bad credit mortgage loan at the best rate that suits you and offer you the opportunity to clean your past bad credit mess and prove stability.